Author(s):Rashad Ahmed Date:March 2024 Abstract: Foreign deposits are a key funding source for US commercial banks but subject to a different degree of interest rate risk than domestic deposits. Specifically, foreign deposit betas are significantly larger than domestic deposit betas, implying that the former has shorter effective duration. Larger foreign deposit betas imply that the[…]
Author(s):Greg Buchak, Gregor Matvos, Tomasz Piskorski & Amit Seru Date:February 2024 Abstract: The traditional model of bank-led financial intermediation, where banks issue demandable deposits to savers and make informationally sensitive loans to borrowers, has seen a dramatic decline since 1970s. Instead, private credit is increasingly intermediated through arms-length transactions, such as securitization. This paper documents[…]
VoxEU Columnby Mikhail Mamonov, Steven Ongena, Anna Pestova Disasters are mostly unexpected, but during recent decades the world has witnessed a rising incidence of disasters of various types, including armed conflicts, infectious diseases, and natural calamities. This rise is expected to continue in the future due to political and demographic developments, nature loss, and climate[…]
University of Chicago BFI Research Brief by Ezra Oberfield, Esteban Rossi-Hansberg, Nicholas Trachter, Derek Wenning The banking deregulation of the 1980s and 90s provides unique evidence of the way in which banks set up their branches across locations. Two forms of sorting explain observed location patterns well. Sorting on size, whereby top banks locate in[…]
CfP Deadline: July 1, 2024 Conference Event: November 14-15, 2024 Event Location: Washington D.C., United States Organizer(s): International Monetary Fund Description: Submission: Interested contributors should submit a full paper or an extended proposal by July 1, 2024 (e-mail to ARC@IMF.org). Please use the contact author’s name as the name of the file. The Program Committee[…]
CfP Deadline: June 1, 2024 Conference Event: September 4-6, 2024 Event Location: Stanford, United States Organizer(s): Stanford University Department of Economics Description: Stanford Economics is proud to host its annual Stanford Institute for Theoretical Economics (SITE) Conference from July 1 to September 11 2024. SITE sponsors sessions that encompass both economic theory and empirical work and cover[…]
CfP Deadline: May 31, 2024 Conference Event: November 7-8, 2024 Event Location: Frankfurt am Main, Germany Organizer(s): ECB Keynote Speaker(s): Isabel Schnabel (European Central Bank)Darrell Duffie (Stanford University)Antoine Martin (Swiss National Bank) Description: Submission: Papers should be submitted in a portable document format (PDF) to MMConference@ecb.europa.eu by 31 May 2024. Submissions and presentations by female[…]
CfP Deadline: May 15, 2024 Conference Event: November 21-22, 2024 Event Location: Stockholm, Sweden Organizer(s): Sveriges Riksbank Keynote Speaker(s): Christina Romer (University of California Berkeley)Charles Calomiris (Columbia Business School) Description: Submission: Submissions should be made by sending the paper in PDF format to conference@riksbank.se. The submission deadline is May 15, 2024. Link: Monetary and Financial[…]
VoxEU Columnby Fernando Broner, Sergio L. Schmukler & Goetz von Peter The countries of the Global South are becoming increasingly important actors in the global financial economy. This column uses a comprehensive new bilateral dataset on cross-border bank loans and deposits, portfolio investment, foreign direct investment, and international reserves, covering the period from 2001 to[…]
ESRB Press Release At its meeting on 21 March 2024, the General Board of the European Systemic Risk Board (ESRB) acknowledged the resilience of the banking system but concluded that financial stability risks in the EU remain elevated amid high geopolitical uncertainty. Links: ESRB Press Release – The General Board of the European Systemic Risk[…]